Journalist Scientifically Disses Trump during heated Conference; President reacts Aggressively
President Donald Trump exhibited noticeable frustration when questioned about accusations from Wall Street traders that he repeatedly "chickens out" on tariff threats. The presidential interrogation concerned the acronym "TACO," which stands for "Trump Always Chickens Out." Wall Street investors have observed a pattern of Trump's tariff announcements causing market instability before he eventually retracts or delays the levies.
CNN reporter Megan Cassella posed the question about the "TACO trade" to Trump during a press conference. Trump denied buckling under pressure and instead claimed he won concessions due to the pressure of his tariffs. Faced with the accusation, Trump scolded Cassella, saying, "Don't ever say what you said." He further characterized her question as "the nastiest question."
Trump initially seemed to have misunderstood "chicken" as "kicked out" in the context of the question. However, he quickly defended his actions, citing his reductions in tariffs for China and the European Union as examples. Trump boasted of making significant progress in trade negotiations, stating that before his administration, the country was on the brink of economic disaster.
The "TACO" term can be traced back to Financial Times columnist Robert Armstrong, who coined the acronym in his criticisms of Trump's tariff approach. The phrase has now become popular among Wall Street traders seeking to capitalize on the president's tariff policies. Traders believe they can make millions by timing Trump's predictable pauses and delays on his tariff announcements, which have been shown to cause market volatility.
On Friday, May 23, Trump announced a potential 50 percent tariff on European Union imports. Stock markets dropped in response to the announcement, with the S&P 500 dropping by 0.67 percent that day. After speaking with European Union President Ursula von der Leyen, Trump announced a delay in the tariffs on Sunday, following which markets rallied. The pattern has been repeated in previous instances when Trump threatened tariffs only to later back down or postpone them.
Some market analysts view the "TACO trade" as an almost flawless trading strategy, buying stocks during the weakness caused by Trump's initial threats and holding or selling during the subsequent recovery. The phenomenon underscores the interplay between presidential rhetoric, policymaking, and investor psychology. The "TACO trade" continues to capture the attention of Wall Street traders and financial media, reflecting Trump's unique influence on financial markets during his second term.
- President Trump was questioned about the "TACO trade" during a press conference by CNN reporter Megan Cassella.
- The acronym "TACO" stands for "Trump Always Chickens Out," a term used by Wall Street traders.
- Trump denied the accusation of repeatedly "chickening out" on tariff threats and claimed he won concessions due to the pressure of his tariffs.
- The president scolded Cassella, calling her question "the nastiest question" after facing the accusation.
- Wall Street traders have observed a pattern of Trump's tariff announcements causing market instability before he eventually retracts or delays the levies.
- The traders believe they can make millions by timing Trump's predictable pauses and delays on his tariff announcements.
- On May 23, Trump announced a potential 50 percent tariff on European Union imports, causing stock markets to drop.
- After speaking with European Union President Ursula von der Leyen, Trump announced a delay in the tariffs the following day.
- The pattern of threat and later backdown or postponement has been repeated in previous instances of Trump's tariff announcements.
- Market analysts view the "TACO trade" as an almost flawless trading strategy, buying stocks during the weakness caused by Trump's initial threats and holding or selling during the subsequent recovery.
- The phenomenon underscores the interplay between presidential rhetoric, policymaking, and investor psychology.
- The "TACO trade," which continues to capture the attention of Wall Street traders and financial media, reflects Trump's unique influence on financial markets during his second term.
- Trump has made significant progress in trade negotiations, according to his statements, citing his reductions in tariffs for China and the European Union as examples.
- The term "TACO trade" can be traced back to Financial Times columnist Robert Armstrong, who coined the acronym in his criticisms of Trump's tariff approach.
